Business Today: JPMorgan profit weaker than expected as trading revenue drops

		Click to View in Browser 04/11/2014 JPMorgan profit weaker than expected as trading revenue drops (Reuters) - JPMorgan Chase & Co reported a far weaker-than-expected quarterly profit as revenue from securities trading fell in a climate of uncertainty about the strength of the economic recovery and the Federal Reserve's intentions on interest rates. Producer prices post largest gain in nine months WASHINGTON (Reuters) - U.S. producer prices recorded their largest increase in nine months in March as the cost of food and services rose, pointing to some pockets of inflation at the factory gate. Wall Street to open lower after JP Morgan results NEW YORK (Reuters) - U.S. stocks were set for a lower open on Friday after earnings from JP Morgan Chase, putting the S&P 500 on track to continue its selloff after suffering its biggest drop in two months. Wells Fargo profit beats estimates, sets aside less for bad loans (Reuters) - Wells Fargo & Co, the biggest U.S. mortgage lender, reported a better-than-expected 14 percent rise in first-quarter net profit as it set aside less money to cover bad loans. Exclusive: Microsoft, Apple diverge on bankrolling big patent buyer SAN FRANCISCO (Reuters) - Patent buyer Intellectual Ventures has persuaded Microsoft and Sony to invest in its latest acquisition fund while Apple and Intel, which invested with IV previously, declined to participate, according to people briefed on the fundraising. Barclays settles second Libor-linked UK court case LONDON (Reuters) - Barclays has settled its second lawsuit in a week that alleged the British bank had mis-sold products that were tied to Libor benchmark interest rates. Safety advocates alarmed by fatal accidents in recalled GM cars WASHINGTON (Reuters) - Safety advocates say two recent fatal accidents involving recalled General Motors Co cars provide evidence that the automaker should advise owners to take vehicles off the road until they are repaired. Exclusive: SEC eyes test that may lead to shift away from 'dark pools' WASHINGTON/NEW YORK (Reuters) - U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as "dark pools" that critics say may be hurting investors by reducing the quality of pricing. Tesco's problems mount as profit set to fall again LONDON (Reuters) - Tesco is expected to report a 6 percent fall in annual profit next week, a second straight decline which would pile the pressure on boss Phil Clarke who is struggling to turn around Britain's biggest retailer. Watchdog FINRA probes banks' bond transactions: WSJ (Reuters) - Wall Street watchdog FINRA is taking a broad look at the trading profits of banks and other middlemen in some bond transactions to examine whether some money managers are favored at the expense of other investors, the Wall Street Journal reported. Related Video Breakingviews: Waking up sleeping UK investors Ebola fears change the menu in Ghana Economic News Producer prices post largest gain in nine months China consumer prices rise, but industry deflation persists A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend